Founded in Stockholm in 2003, Creandum became the Nordics' flagship seed and Series A firm. Its early bet on a small Swedish music startup called Spotify defined the firm and helped put European venture on the map.
Early-stage specialist (seed and Series A), pan-European with offices in Stockholm, Berlin, London and the US.
Consumer, fintech, SaaS, marketplaces, gaming
Spotify, iZettle, Trade Republic, Depop, Bolt, Pleo, Small Giant Games
Spotify direct listing (among its first institutional investors), iZettle ($2.2B to PayPal), Small Giant Games ($700M to Zynga), Depop ($1.6B to Etsy)
Creandum invested in Spotify in 2008 from a fund of roughly €74M, the stake became one of the best returns in European venture history.
| Company | Rounds | Invested |
|---|---|---|
| Trade Republic Fintech | 1 round | $900M |
| Lovable DevTools | 2 rounds | $530M |
| Kry Healthtech | 2 rounds | $457M |
| Pleo Fintech | 2 rounds | $350M |
| Ark Kapital Fintech | 3 rounds | $325.1M |
| Terralayr Energy | 3 rounds, 1 led | $311.3M |
| Black Forest Labs AI | 1 round | $300M |
| Black Forest Labs AI | 1 round | $300M |
| Taxfix Fintech | 1 round | $220M |
| YuLife InsurTech | 2 rounds | $187.6M |
| Voi Technology Mobility | 2 rounds | $185M |
| SEON Fintech | 2 rounds | $167.1M |
| Vivino E-Commerce | 1 round | $155M |
| Leapsome HR Tech | 2 rounds | $120M |
| Factorial HR Tech | 1 round | $120M |
| Monta Mobility | 2 rounds | $118.8M |
| Sereact Robotics | 1 round | $110M |
| Billie Fintech | 1 round | $100M |
| Vay Mobility | 1 round | $95M |
| Prewave Logistics | 2 rounds, 1 led | $87M |
| CarOnSale Marketplace | 1 round | $81.2M |
| Tesseract Energy | 1 round | $78.7M |
| Plancraft SaaS B2B | 2 rounds, 1 led | $57M |
| Midas Fintech | 1 round, 1 led | $50M |
| Lokalise DevTools | 1 round | $50M |
| cargo.one Logistics | 1 round | $41.7M |
| PAVE Space SpaceTech | 1 round, 1 led | $40M |
| FirstVet healthtech | 1 round | $35M |
| SafetyWing InsurTech | 1 round | $35M |
| Nexos.ai AI | 1 round | $34.8M |
| UnitQ AI | 1 round | $30M |
| Distribusion Mobility | 1 round | $30M |
| Mavenoid SaaS B2B | 1 round | $30M |
| Xeneta Logistics | 1 round | $28.5M |
| lemon.markets Fintech | 2 rounds | $28M |
| Ivy Fintech | 2 rounds, 1 led | $27.6M |
| Voi Mobility | 1 round | $25M |
| Packfleet logistics | 2 rounds, 1 led | $20M |
| Cast AI DevTools | 1 round, 1 led | $20M |
| Jack & Jill AI HR Tech | 1 round, 1 led | $20M |
| Hosted.ai DeepTech | 1 round, 1 led | $19M |
| Better Stack DevTools | 1 round, 1 led | $18.2M |
| Lindus Health Healthtech | 1 round, 1 led | $18M |
| Cerrion AI | 1 round, 1 led | $18M |
| Codesphere devtools | 1 round, 1 led | $18M |
| Embat fintech | 1 round, 1 led | $16M |
| Yababa E-Commerce | 1 round, 1 led | $15.5M |
| Lemon Markets Fintech | 2 rounds, 1 led | $15M |
| Enode Energy | 1 round, 1 led | $15M |
| Unitary AI | 1 round, 1 led | $15M |
| Sibill Fintech | 1 round, 1 led | $13.9M |
| Rillet SaaS B2B | 1 round, 1 led | $13.5M |
| Craft DevTools | 1 round | $12.2M |
| Klaus SaaS B2B | 1 round | $12M |
| Conduct SaaS B2B | 1 round, 1 led | $12M |
| Laka InsurTech | 1 round | $10.4M |
| Vesence LegalTech | 1 round | $9M |
| Procuros SaaS B2B | 1 round | $9M |
| Project Eaden FoodTech | 1 round, 1 led | $8M |
| doinstruct HR Tech | 1 round, 1 led | $7.6M |